During the quarter, total expenses rose 27.54% YoY to Rs 4,741.42 crore. Employee expense climbed 13.55% YoY to Rs 386.05 crore. Raw material cost spurted 68.99% YoY to Rs 3,839.22 crore.
The board approved an interim dividend of Rs 3 per share. The record date is fixed on 19 November 2021.
MRF is the largest manufacturer of tyres in India. It also makes rubber treads, paints & coats, sporting goods and toys.